Business Hilights

Tracking Nigeria's Headline Business News Online

Mr. Simbi Wabote

Location of Brass Island ideal for oil & gas investors—FG

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, has revealed that the natural location of Brass Island in Bayelsa State remains the best in comparative advantage for investors in oil and gas in the country….

NCDMB clarifies how local content drive’ll function on ICT, construction sectors

A clear picture on how local content drive will be tracked in other sectors of the economy other than oil and gas has started to emerge. Giving insights at the just concluded 9th Practical Nigeria Content Forum in Bayelsa on…

10,000 jobs, revenue haul for FG expected from NLNG Train 7— NCDMB boss

Nigeria stands to gain a lot as soon as the upcoming Nigerian Liquefied Natural Gas (NLNG) Train 7 is activated by the highly expected Final Investment Decision (FID). This was the position of the Executive Secretary, Nigeria Content Development and…

5000bpd Waltersmith modular refinery comes on stream July 2020— NCDMB

…Unveils completed 17-storey office complex in Yenagoa Strong indications have emerged showing that by 2020, Nigeria’s crude oil refining capacity may be tripled as a number of refineries would be completed for operations before the end of the year. This…

Dangote’s remark that ‘We would sell products at import price’ a wakeup call—Experts

More development economists have continued to review the meaning of the recent comments by the Group Executive Director, Strategy, Capital Projects and Portfolio Development, Mr Devakumar Edwin, during the first official visit by the new Minister of State for Petroleum…

8 months after Govs outburst in PH, FG begins first oil & gas Park in Bayelsa

…Four more underway in oil states—FG Barely eight months after the South East, South South Governors’ Forum (SESSGF) met in Port Harcourt, the Rivers State capital as part of the regions’ build to greater socioeconomic collaboration, the Federal Government has…

Excitement rages in oil industry as Egina FPSO arrives this month

Feelers from Samsung Facility in South Korea have shown that all is set for homeward journey of the new Egina FPSO fabricated for the advancement of deep-sea exploration activities in Nigeria. Samsung Heavy Industries of Korea recently said it had…